Leases

9 Months Ended

Oct. 31, 2023

Leases [Abstract]

Leases

Leases

We have operating leases for some of our corporate offices. Our leases have various expiration dates through 2034, some of which include options to extend the leases for up to nine years. Additionally, we are the sublessor for certain office space. Our sublease income for each of the three and nine months ended October 31, 2023 and 2022 was immaterial.

For both the three months ended October 31, 2023 and 2022, our operating lease expense was $4 million. For both the nine months ended October 31, 2023 and 2022, our operating lease expense was $12 million.

Supplemental cash flow information related to leases was as follows (in thousands):

	Nine months ended October 31,
	2023		2022
Cash paid for operating lease liabilities	$	7,054	$	11,320
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	3,839		13,937

Supplemental balance sheet information related to operating leases was as follows :

	October 31, 2023		January 31, 2023
Weighted Average Remaining Lease Term	6.8 years		6.7 years
Weighted Average Discount Rate	4.4	%	4.2	%

As of October 31, 2023, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2024	$	1,667
2025	11,317
2026	10,583
2027	9,717
2028	9,080
Thereafter	25,850
Total operating lease payments	68,214
Less imputed interest	(10,548)
Total operating lease liabilities	$	57,666

Leases

Leases

We have operating leases for some of our corporate offices. Our leases have various expiration dates through 2034, some of which include options to extend the leases for up to nine years. Additionally, we are the sublessor for certain office space. Our sublease income for each of the three and nine months ended October 31, 2023 and 2022 was immaterial.

For both the three months ended October 31, 2023 and 2022, our operating lease expense was $4 million. For both the nine months ended October 31, 2023 and 2022, our operating lease expense was $12 million.

Supplemental cash flow information related to leases was as follows (in thousands):

	Nine months ended October 31,
	2023		2022
Cash paid for operating lease liabilities	$	7,054	$	11,320
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	3,839		13,937

Supplemental balance sheet information related to operating leases was as follows :

	October 31, 2023		January 31, 2023
Weighted Average Remaining Lease Term	6.8 years		6.7 years
Weighted Average Discount Rate	4.4	%	4.2	%

As of October 31, 2023, remaining maturities of operating lease liabilities are as follows (in thousands):

Fiscal Year
Remaining for 2024	$	1,667
2025	11,317
2026	10,583
2027	9,717
2028	9,080
Thereafter	25,850
Total operating lease payments	68,214
Less imputed interest	(10,548)
Total operating lease liabilities	$	57,666